Gold prices surge close to Rs 50,000 per 10 gram on weak dollar, silver climbs Rs 696 a kg
The gold/silver ratio, which refers to the amount of silver required to buy one ounce of gold, was at 75.21 to 1
Mumbai / December 24, 2020 / 06:40 PM IST
Gold prices rose Rs 144 to Rs 49,995 per 10 gram in the Mumbai retail market on a softer dollar and positive global cues. The precious metal gained on optimism surrounding the US stimulus but the upside was capped by strength in the rupee.
The rate of 10 gram 22-carat gold in Mumbai was Rs 45,795 plus 3 percent GST, while 24-carat 10 gram was Rs 49,995 plus GST. The 18-carat gold quoted at Rs 37,496 plus GST in the retail market.